SVB’s Collapse Shakes the Stablecoin Market: DappRadar Report
Circle suffered a significant blow due to the decline of SVB. Other stablecoins such as TUSD and DAI saw significant supply growth during the same period.
SVB Financial Group Files for Chapter 11 Bankruptcy; Circle's $3.3B USDC Reserve Risk Removed | Cointime Weekly Mar.12 – Mar.18
Stripe secures $6.5 billion in Series I at a $50B valuation; Coinbase likely to launch global crypto trading platform; Euler Finance hacked for over $195M in a flash loan attack; crypto assets to become a separate category in the UK tax forms.
SVB Collapse Causes 51% Decrease in NFT Trading Volume and Moonbirds Losses: DappRadar Report
On Saturday, the number of traders was the lowest (12,000) since November 2021, resulting in the lowest single-day trade count in 2023 (33,112).
